Consolidated profit increases 53% to ₹2,521 crore; Board recommends ₹7 interim dividend per share
Oil India Limited (OIL) reported a 116% year-on-year increase in standalone net profit to ₹2,259 crore for the second quarter of FY2026–27, supported by strong growth in crude oil production.
The state-owned energy company’s consolidated net profit rose 53% to ₹2,521 crore during the September quarter, while crude oil production increased 20% year-on-year to 1.021 million metric tonnes (MMT).
For the first half of FY27, Oil India recorded its highest-ever standalone net profit of ₹5,130 crore, registering a 176% increase over the corresponding period last year.
The company also achieved its highest-ever half-year drilling performance, completing 42 wells during April–September 2026.
Meanwhile, Oil India’s material subsidiary, Numaligarh Refinery Limited (NRL), processed 803 thousand metric tonnes (TMT) of crude oil during the second quarter.
NRL’s capacity utilisation stood at 106.26% during H1 FY27, while its gross refining margin increased 265% year-on-year to $28.24 per barrel.
The Board of Directors also recommended an interim dividend of ₹7 per equity share.
The results highlight Oil India’s improved production performance and refining operations, supporting its role in India’s energy security.
